UK GENDER PAY GAP REPORT 2020
Under new legislation that came into force in April 2018, UK employers with more than 250 employees are required to publish information relating to their gender pay gap. This involves carrying out six calculations showing the difference between the earnings of men and women in our organization; it does not involve publishing individual employee data.
These figures refer only to Dril-Quip (Europe) Limited in the UK and covers our entire UK workforce.
Our results as of April 5, 2020, are:
|Mean Gender Pay Gap||19%|
|Median Gender Pay Gap||16.92%|
|Mean Bonus Gender Pay Gap||-104.15%|
|Median Bonus Gender Pay Gap||-171.75%|
|Proportion of Employees Receiving a Bonus||7.34%||5.12%|
|Proportion of Men and Women in Each Quartile|
|Upper Middle Quartile||84.29%||15.71%|
|Lower Middle Quartile||87.14%||12.86%|
As a manufacturing organization, our workforce is made up of a high percentage of roles that are predominantly held by male workers such as welders, machinists, and workshop and offshore technicians.
In recent years, Dril-Quip has significantly reduced the mean and median gender pay gap and increased the proportion of females in lower-middle and upper-middle quartiles.
We believe that our gender pay gap exists because of the types of roles that males and females undertake in our business and at different levels in our workforce. We offer equal pay between our male and female employees who undertake comparable work.
Dril-Quip provides all applicants and employees fair and equitable consideration and treatment in all matters related to employment, benefits, training, compensation, and other priviledges and conditions of employment regardless of race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, ethnicity, disability, veteran status, or any other basis that is protected under applicable law. Likewise, Dril-Quip promotes an environment in which applicants and employees with equal abilities are given equal job opportunities and an individual's performance of his or her job is the determining factor for that employee's progress.
We confirm that the information and data provided in this statement are accurate and in line with mandatory requirements.
Jeffrey J. Bird
Chief Executive Officer
Human Resources Manager